This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

MNEs and Industrial Structure in Host Countries:A Mean Variance Analysis of Ireland’s Manufacturing Sector

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Colm Kearney
Frank Barry

Additional information is available for the following registered author(s):

Abstract

We use mean-variance analysis to demonstrate the importance of a hitherto neglected benefit of enticing MNEs to locate in small and medium-sized countries. During the 25 years from 1974 to 1999, over 1000 foreign MNEs have located in Ireland, and they have raised their share of all manufacturing jobs in the country from one-third to one-half. The foreign MNEs tend to operate in high-technology sectors, and they grow faster with greater volatility than the traditional low-technology indigenous firms. Because they are imperfectly correlated with the indigenous sectors, however, the foreign MNEs have helped to create a more completely diversified manufacturing sector in the host country that can grow faster without a commensurate rise in volatility and risk.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp23.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp023.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 28 Jan 2005
Date of revision:
Handle: RePEc:iis:dispap:iiisdp023

Contact details of provider:
Postal: 01
Phone: 00 353 1 896 3888
Fax: 00 353 1 896 3939
Web page: http://www.tcd.ie/iiis/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Eva Mateo).

Related research
Keywords: FDI; MNEs; industrial structure; Ireland.;

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Carolyn Sherwood-Call, 1990. "Assessing regional economic stability: a portfolio approach," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 17-26. [Downloadable!]
  2. Haaland, Jan I & Wooton, Ian, 1999. " International Competition for Multinational Investment," Scandinavian Journal of Economics, Blackwell Publishing, vol. 101(4), pages 631-49, December. [Downloadable!] (restricted)
    Other versions:
  3. Kirt C Butler & Domingo Castelo Joaquin, 1998. "A note on political risk and the required return on foreign direct investment," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 29(3), pages 599-607, September. [Downloadable!] (restricted)
  4. Goldberg, Michael A. & Levi, Maurice D., 2000. "The European Union as a country portfolio," European Journal of Political Economy, Elsevier, vol. 16(3), pages 411-427, September. [Downloadable!] (restricted)
  5. Gerald Carlino & Robert DeFina & Keith Sill, 2003. "Postwar period changes in employment volatility: new evidence from state/industry panel data," Working Papers 03-18, Federal Reserve Bank of Philadelphia. [Downloadable!]
  6. Yoram Wind & Susan Douglas, 1981. "International Portfolio Analysis and Strategy: The Challenge of the 80s," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 12(2), pages 69-82, June. [Downloadable!] (restricted)
  7. French, Mark W & Sichel, Daniel E, 1993. "Cyclical Patterns in the Variance of Economic Activity," Journal of Business & Economic Statistics, American Statistical Association, vol. 11(1), pages 113-19, January.
  8. Ram Mudambi, 1998. "The Role of Duration in Multinational Investment Strategies," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 29(2), pages 239-261, June. [Downloadable!] (restricted)
  9. Azmi D Mikhail & Hany A Shawky, 1980. "Investment Performance of U.S.-Based Multinational Companies: Comments and a Perspective on International Diversification of Real Assets: A Reply," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 11(1), pages 105-106, March. [Downloadable!] (restricted)
  10. Brewer, H. L., 1981. "Investor Benefits from Corporate International Diversification," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 16(01), pages 113-126, March. [Downloadable!]
  11. Jeffery W. Gunther & Kenneth J. Robinson, 1999. "Industry mix and lending environment variability: what does the average bank face," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q II, pages 24-31. [Downloadable!]
  12. Head, C. Keith & Ries, John C. & Swenson, Deborah L., 1999. "Attracting foreign manufacturing: Investment promotion and agglomeration," Regional Science and Urban Economics, Elsevier, vol. 29(2), pages 197-218, March. [Downloadable!] (restricted)
  13. Xiaming Liu & Pamela Siler & Chengqi Wang & Yingqi Wei, 2000. "Productivity Spillovers From Foreign Direct Investment: Evidence From UK Industry Level Panel Data," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 31(3), pages 407-425, September. [Downloadable!] (restricted)
  14. M. V. Cacdac Warnock & Francis E. Warnock, 2000. "The declining volatility of U.S. employment: was Arthur Burns right?," International Finance Discussion Papers 677, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  15. Paolo Figini & Holger Görg, 1999. "Multinational companies and wage inequality in the host country: The case of Ireland," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 135(4), pages 594-612, December. [Downloadable!] (restricted)
    Other versions:
  16. Siddharth Chandra, 2003. "Regional Economy Size and the Growth-Instability Frontier: Evidence from Europe," Journal of Regional Science, Blackwell Publishing, vol. 43(1), pages 95-122. [Downloadable!] (restricted)
  17. Abraham, Katharine G & Katz, Lawrence F, 1986. "Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 507-22, June. [Downloadable!] (restricted)
    Other versions:
  18. Peter J Buckley & Jeremy Clegg & Chengqi Wang, 2002. "The Impact of Inward FDI on the Performance of Chinese Manufacturing Firms," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 33(4), pages 637-655, December. [Downloadable!] (restricted)
  19. Ike Mathur & Kyran Hanagan, 1983. "Are Multinational Corporations Superior Investment Vehicles for Achieving International Diversification?," Journal of International Business Studies, Palgrave Macmillan Journals, vol. 14(3), pages 135-146, September. [Downloadable!] (restricted)
Full references

Statistics
Access and download statistics

Did you know? You too can volunteer with RePEc.

This page was last updated on 2009-12-8.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.